Who Knows Anything? The blog of Chip Gallent. eBusinessman.

Another Take on the Holiday Sales Slump

I kept hearing today about the numbers report from the National Retail Federation. Apparently, holiday sales were down 2.8% in 2008. Here's the report:

US Holiday Retail Sales Fell 2.8%: NRF

Here's my take - at least from the perspective of my household. We finally had an excuse to cut back on holiday spending. Frankly, over the last several years we have way over spent during the holidays. And, we used the economic situation as an excuse to cut back. We didn't really have to - we chose to. I've talked to more than a few people and they have confirmed that they did the same thing.

Now I'm not saying that there isn't a problem with our economy. It's very real. But, there are maybe a few more issues relating to what's really going on.